India, Feb. 9 -- The formation of a double-bottom pattern following a prolonged decline highlights strong buying interest at lower levels. A decisive breakout above the neckline signals the potential for a bullish trend reversal.

The double-bottom pattern suggests a potential trend reversal after a prior decline, marked by two similar lows around a key support area. A clear breakout above the neckline indicates strengthening buying interest, signalling waning seller control and the potential for upside momentum to build.

On Friday, HFCL Ltd formed a double-bottom pattern on the 4-hour chart, showing early signs of a potential reversal. A decisive break above the neckline, supported by stronger buying interest, would confirm the near-ter...